BTC.D finishing bearish retesthi Traders,
BTC.D broke down out of the rising wedge and now we're seeing a pullback to the upside which itself may be a bearish retest.
If BTC.D gets rejected here, we will see an alt-season.
Most likely the alt-season will be led by ETH but other coins should outperform BTC too.
When BTC.D reaches 47%, taking profit on alts will be very reasonable.
BTC.D trade ideas
These Top 30 AltCoins have GOOD setups against BTC The Analysis of Benjamin Cowen
Benjamin Cowen , a well-known cryptocurrency analyst, has pointed out that many cryptocurrencies that exhibit a double bottom against Bitcoin ( CRYPTOCAP:BTC ) have experienced HIGH price increases, we have examples like CRYPTOCAP:SOL ($225.05 - 211.31% return (1y)) in the middle of 2023 when it did a double bottom against CRYPTOCAP:BTC and recently with CRYPTOCAP:XRP ($2.62 - 323.88% return (1y)) in early November, both outperforming BTC ($106,726.68 - 155.86% return (1y)) this year.
Source vid: The EXACT Date You Should Go ALL IN on Altcoins! at 42:00
BTC Dominance
When BTC's dominance rises relative to other cryptocurrencies, ppl often shift into BTC in search of stability, aiming to capture the secure upside that altcoins may not provide. During this period of increasing BTC dominance, altcoins can bleed or just go sidewaves while BTC goes up, meaning their value decreases in relation to BTC. But, these altcoins I'm gonna show you seem to have double bottomed against their BTC pair and it might be the start of a huge upside in the USD pair too.
Double Bottom Pattern
The double bottom pattern indicates that selling pressure has bottomed out and can signal a bullish move. Recognizing this pattern in the context of BTC dominance offers a valuable setup and great expectations for price since it tends to follow an upside movement.
So🤔¿Are you wondering which AltCoins have a similar setup? 👀
I just wanted to point out coins in the Top 30, while all crypto market implies risk, the ones in this top 30 have high marketcap and are well known projects so you're kinda in safer.
Chainlink ( CRYPTOCAP:LINK )
Avalanche ( CRYPTOCAP:AVAX )
AAVE ( CRYPTOCAP:AAVE )
DOGE ( CRYPTOCAP:DOGE ) Doge is already on the move but it has the checkbox, could go higher in this pair
Which ones are on the way to get this setup?
CRYPTOCAP:NEAR AMEX:APT CRYPTOCAP:DOT CRYPTOCAP:ADA - All these 4 are on the way to get it, but remember it's just a good setup IT DOES NOT MEAN they're not gonna go up in the altseason cuz they're probably still gonna do it since they're really big L1's. One thing for sure that has been talked about it's the concern that we had like a mini altseason and ofc we can't say for sure it's coming the big one, but BTC 4 year cycles has repeated till this date so it might come anyway.
That's it for the post, these are the top 30 altcoins that could outperform BTC from now, thank you for your time and remember DYOR (Do your own research)
BTC.D on 6 Months timeframeEach candle on this chart is representing half of a year (6 months)
As you can see it "reversed", as people call it, in the middle of nowhere, in the middle of big red candle from 2021 y.
The only reason D. "reversed" was round number 60%.
BTC Dominance moved through 12MA (green) and currently trading above it. Next level to watch is 21MA (orange and super short, top arrow pointing at it).
If at january 1st 2025 candle will be closed below 12MA then yes, BTC.D topped.
But if BTC.D will be above 12MA then we should expect next move AT LEAST to the 21MA which is at 65% right now (very lowest 65%, but most likely even higher).
I'm not saying that we won't see low-cap altseason. We will see altcoin season where ETH will lead the way and all low-cap tokens, just little bit later.
No need to FOMO in right now. We still have time to prepare ourselves for the last big pump of the cycle.
Let the market come to you.
The Calm Before the Altcoin Storm: Prepare for the Biggest Run!!#Bitcoin Dominance Update:**
Bitcoin dominance has started to dump, breaking the support that has held since November 2022. It faced rejection at a long-term resistance level, which has been a key barrier since May 2017.
Historically, when this happens, we’ve seen alt season kick-off and last for 6 to 8 months.
When does the real alt season begin?**
It starts when ETH/BTC begins pumping, and other altcoins follow suit.
Trending Narratives for the Next Few Months:
🚀 AI
🚀 RWA (Real World Assets)
🚀 Memecoins (MEMES)
🚀 Layer 1s (L1)
These sectors are likely to perform exceptionally well. The key is to position yourself early and buy any dips. This is how you build generational wealth this season!
What to Buy?
Make sure you follow me and join all my socials!
I’ll be sharing the top altcoin picks over the next few weeks.
Stay tuned and let’s make it happen !🚀
Please hit that like button if you like it and share your views in the comments section.
Thank you
#PEACE
seems like BTC is bullish !in this chart i devided btc.d to usdt.d this can shows us how the liq is moving between btc and usdt this chart was bearish for a long time but now we have a trend change which means that btc is attracting the liq to its self i believe that this can make another rising spike on btc
Possible Cliffhanger?Bitcoin dominance made a triple tap triple top around 61% and then dropped below the 50 and 200 daily EMAs and MAs.
It is presently testing old support as resistance and has reclaimed the 200 daily EMA and MA, but has failed to reclaim the 50 day EMA and get back above 58.25%.
It is still possible it reclaims the 50 EMA and MA and breaks through resistance, but if we see another daily close below the 200 EMA / MA or if it fails to get above the 50, it is going to drop hard.
BTC.D: A Critical Turning PointThe current zone is pivotal for confirming the bearish scenario on BTC.D.
Key Points:
- Death Cross on the 12h chart confirmed last week.
- PA is retesting EMAs after the cross, increasing the likelihood of further downside.
- This is a zone to add positions if weakness confirms.
Main Scenario:
1. Retest completion → continued downtrend.
2. Major support lies around 53%, with potential for deeper declines.
Risks:
A sustained move above the current MAs could invalidate the bearish outlook.
BTC Dominance Update - Dec 16 2024After reaching about 62% level, BTC dominance started a heavy drop in Nov possibly hinting that the altseason has started.
The index has recently broken its long term trendline that originated in Sep 2022.
The current upward move in BTC dominance is probably the retest move of the broken trendline. This retest will probably end somewhere in the 58% zone and then we can expect the dominance to fall towards 46.3% - 48.9% zone within the next few months.
$BTC.dHola ,
approaching last weeks spike up
maybe deviate above that and get knocked back down
7 ema is the white squiggly and a close above that would mean the King is back in control and we get to bid alts lower
Look at the brightside the higher btc dominance goes that much more money should flow into alts on the way down
lets see at NY if we get a quick spike down on alts and reverse?
BTC Dominance (BTC.D) Chart Overview and DescriptionBITSTAMP:BTCUSD target is set at 58.13% BTC Dominance.
The chart shows BTC.D currently at 57.63%, approaching a key resistance zone (marked in blue) near 58%.
A breakout above this level could lead to a further rise in BTC.D, signaling continued Bitcoin dominance.
The area just below 58% has acted as resistance in the past, as seen on the chart.
If BTC.D hits 58.13% and rejects:
This could signal a shift of dominance back into altcoins, leading to a short-term altcoin rally.
Monitor key support zones for BTC.D (e.g., around 57%) for confirmation of a reversal.
If BTC.D breaks and holds above 58.13%:
Bitcoin may continue to dominate, and altcoins could face further corrections or stagnation.
Consider monitoring Bitcoin price for strength while keeping an eye on major altcoin support levels.
BTC.D Rising to 58.13%: Positive for Bitcoin, bearish for altcoins.
BTC.D Dumping After Hitting Resistance: Bullish for altcoins, indicating potential altcoin rotation or season.
Track BTC.D closely along with Bitcoin price movement to make informed decisions.
Bitcoin Dominance Analysis Update (12H)This analysis is an update of the analysis you see in the "Related publications" section
The price reached the green zone and is now pumping. We anticipate the start of a drop and an alt-season from the upper red zone.
Note that, in terms of price, we consider this area to be the peak of Bitcoin dominance. However, in terms of timing and the number of times this level is tested, there is no certainty. This means that when Bitcoin dominance reaches the upper red level, you can enter altcoins. However, altcoin fluctuations might increase, and it could take some time, as the market maker might cause some turbulence before the main move.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
ALTS discounts ahead Orange lines are hi/mid/low of Nov2024. We swept the low of Nov, now back to the range; price tends to test mid of Nov. I will monitor the fib levels; any aggressive move above 0.72-0.79; confirms a move to 62% dominance that matches a weekly rejection block (check the weekly chart to confirm). From 62% a free fall would start declaring parabolic move to altcoins. This all plays well with OTHER.D daily chart which confirmed change of character as market direction.